Latest news with #FoodEmpire
Business Times
2 days ago
- Business
- Business Times
Food Empire partners AirAsia to launch ready-to-drink beverages
[SINGAPORE] Mainboard-listed Food Empire will partner low-cost airline AirAsia to co-develop and launch a new range of ready-to-drink beverages. The memorandum of understanding was signed between Food Empire's unit Empire International and AirAsia's Santan Food Services, said the statement on Thursday (Jul 17). Tony Fernandes, chief executive of AirAsia and its Malaysia-listed parent company Capital A, said that the partnership aims to create a product that reflects South-east Asia's culture and heritage. It will also pave the way for the companies to collaborate on co-branded and private label initiatives, Food Empire and Santan Food Services said. The partnership will kick off with a Vietnamese iced coffee product that will be sold on board flights of the Malaysian budget airline co-founded by Fernandes, and through regional retail channels under the Santan brand. With evolving consumer preferences in mind, the companies said they aim to deliver 'authentic and great-tasting Vietnamese iced coffee products that cater to modern lifestyle trends, including healthier options with less sugar'. Tan Wang Cheow, executive chairman of Food Empire, said: 'This collaboration with Santan aligns with our strategy to cater to consumer trends and bring an authentic CafePho Vietnamese coffee experience on AirAsia flights, so that more people can enjoy our great-tasting beverages.' Food Empire is a multinational food-and-beverage manufacturing and distribution company headquartered in Singapore. Its portfolio spans instant beverages, snack foods and food ingredients, including coffee mixes, chocolate drinks, instant cereal blends and potato chips. It sells products in more than 60 countries globally.
The Star
2 days ago
- Business
- The Star
Capital A and Food Empire team up to launch ready-to-drink beverages
KUALA LUMPUR: Capital A Bhd and Singapore-listed Food Empire Holdings have signed a strategic partnership to launch a new range of ready-to-drink beverages. The deal, formalised via a memorandum of understanding (MoU) between their subsidiaries Santan Food Services and Empire International, will begin with a Vietnamese iced coffee to be sold on AirAsia flights and in regional retail stores. Food Empire is a leading instant beverage FMCG player with strong market presence in Eastern Europe, Central Asia, and Southeast Asia. The initial product rollout will cover both in-flight and retail channels. Passengers on AirAsia flights will be served a co-branded Vietnamese iced coffee, offering a blend of regional flavour, convenience, and quality. The product will also be available at selected retail outlets under the Santan brand, extending the experience beyond the flight. 'This partnership reflects our belief in the power of Asean—its culture, its flavours, and its people. By combining Food Empire's global expertise with Santan's regional insights, we're not just launching a drink; we're creating a product that tells a story of heritage, innovation, and ambition. We want every sip to remind people of what this region can offer the world,' Capital A chief executive officer Tan Sri Tony Fernandes said in a statement. Meanwhile, Food Empire executive chairman Tan Wang Cheow said: 'This collaboration with Santan aligns with our strategy to cater to consumer trends and bring an authentic CaféPHỐ Vietnamese coffee experience on AirAsia flights so that more people can enjoy our great-tasting beverages. 'We are excited to bring our global manufacturing expertise and market insights into a partnership that celebrates the flavours and aspirations of the Asean region.'
Business Times
2 days ago
- Business
- Business Times
Food Empire, AirAsia partner to launch ready-to-drink beverages
[SINGAPORE] Food Empire will collaborate with low-cost airline AirAsia to co-develop and launch a new range of ready-to-drink beverages. The collaboration was formalised with a memorandum of understanding signed between Food Empire's subsidiary Empire International and AirAsia unit Santan Food Services, said both companies on Thursday (Jul 17). It will kick-off with a Vietnamese iced coffee product that will be sold on flights of the airline co-founded by Tony Fernandes and through retail channels across the region. This will pave the way for the companies to explore further co-branded and private label initiatives across a wider range of beverages and snack products. Fernandes, the chief executive officer of AirAsia and its parent company Capital A, said that the partnership aims to create a product that reflects South-east Asia's culture and heritage. Wang Cheow, executive chairman of Food Empire said: 'This collaboration with Santan aligns with our strategy to cater to consumer trends and bring an authentic CafePho Vietnamese coffee experience on AirAsia flights, so that more people can enjoy our great-tasting beverages.'
Business Times
2 days ago
- Business
- Business Times
Stocks to watch: OCBC, Singtel, Wilmar, Food Empire, Telechoice
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 18): OCBC , Singtel : The bank will partner the three local universities on research to develop quantum technology applications in derivative pricing, fraud detection and data security. On Thursday, it inked 12-month long collaboration agreements with the National University of Singapore, Singapore Management University and Nanyang Technological University. It is also working with Singtel and the Monetary Authority of Singapore to explore the application of quantum key distribution. Shares of OCBC finished Thursday S$0.12 or 0.7 per cent higher at S$17.08; shares of Singtel closed 3 per cent or S$0.12 higher at S$4.17. Wilmar International : It has agreed to acquire up to 20 per cent of the shares held by India's Adani Commodities in a joint venture (JV) between the two companies. This comes as Adani Commodities announced its exit from the JV in December 2024. For 275 rupees per share, Wilmar's wholly owned unit Lence will buy a maximum of 259.9 million shares in the Mumbai-listed JV, AWL Agri Business, which was formerly known as Adani Wilmar. Wilmar shares on the Singapore bourse ended Thursday at S$2.99, up 0.7 per cent or S$0.02. Food Empire : The group on Friday announced its partnership with Santan Food Services to co-develop and launch a new range of ready-to-drink beverages. The collaboration will kick off with a Vietnamese iced coffee product, set to be sold on AirAsia flights and through retail channels across the region. It paves the way for Food Empire and Santan to explore further co-branded and private label initiatives across a wider range of beverages and snack products, said Food Empire. Santan is a brand under AirAsia's non-airline subsidiary, RedBeat Ventures. The counter finished Thursday 5.5 per cent or S$0.11 higher at S$2.12. Telechoice International : The telco services company will exit the Singapore Exchange (SGX) watch list with effect from Friday. Its application to be removed from the list received SGX's in-principle approval, it said in a Friday bourse filing. The company was placed on the watch list in December 2023, after four consecutive years of losses. The counter ended Thursday flat at S$0.15.
Yahoo
11-07-2025
- Business
- Yahoo
Food Empire to expand coffee manufacturing facility in India
Food Empire is investing $37m in expanding its spray-dried soluble coffee manufacturing facility in the Indian state of Andhra Pradesh. In a statement, the Singapore-listed group said the project would support "its fast-growing, branded, consumer business' and increase the facility's capacity by around 60%. Food Empire CEO and executive director Sudeep Nair said the company has reported 'four consecutive years of record revenue growth driven by the stellar performance' in the 'core branded consumer business'. He added: "This has given us the confidence to expand our ingredientsmanufacturing business, which will not only position us strongly as a leading player in soluble coffee in Asia but more importantly it will serve as a vital link to support the growth of our branded consumer business as we continue to invest in brand building activities across our markets." Food Empire's products, which also include cereal blends and potato chips, are sold in over 60 countries under brands such as MacCoffee, CaféPHỐ and Petrovskaya Sloboda, as well as Kracks. The expansion project in India is set to begin in the fourth quarter of 2025 and is expected to be finished by the end of 2027. In addition to the spray-dried facility, Food Empire operates a freeze-dried soluble coffee manufacturing facility in India. In September, the company revealed plans to establish another freeze-dried facility in Binh Dinh, Vietnam, by 2028, through a $80m investment. Food Empire reported a 16.3% increase in topline revenue, reaching $136.6m for the three months ending 31 March 2025. Revenues from Food Empire's Southeast Asia market reached $40m in the first quarter period, surpassing the group's Russian market, traditionally the group's largest revenue generator, for the first time. It marked a 33.8% increase from $29.9m in the same quarter of 2024, driven by sales in Vietnam. Food Empire's South Asia market was the second-best performer in the quarter, with revenue rising 31.7% to $19.1m in the first quarter of 2025, up from $14.5m in the first quarter of 2024. Announcing the results in May, Nair said: 'We expect our fastest growth to continue to come from Asia, driven by our strong brand positions and supported by a robust pipeline of capacity expansion projects that are currently being carried out in the region.' In March, Food Empire secured financial backing from the European Bank for Reconstruction and Development for its first coffee product site in Kazakhstan. Located in Khorgos, near the China border, the facility will produce coffee for retail and foodservice customers, including products under the MacCoffee brand. The group's Ukraine, Kazakhstan, and CIS markets segment also saw revenues grow 14.9% to $33.9m in the first quarter of 2025. The increase was primarily driven by Kazakhstan, where revenue rose 29%, reflecting contributions from Tea House, which became a subsidiary of Food Empire in May 2024. "Food Empire to expand coffee manufacturing facility in India " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
